Are you

Switch between fixed and variable interest rates

When you apply for your home loan, one of your key decisions is to choose a fixed interest rate, a variable interest rate, or a combination of both. Throughout the life of your home loan, you’ll have the opportunity to switch between a fixed or variable interest rate, or to switch to a split rate home loan.

Each type of loan offers benefits, so you’ll need to choose what suits your individual situation and your outlook on interest rate movements. We’ll help you with a home loan switch when you decide you’re ready to make a change.

Your home loan

The benefits

Fixed Interest Rate3

Choose a fixed rate term from 1 to 5 years

Know exactly where you stand with your budget and what you’ll need to pay

If you believe interest rates are on the rise, you may feel most comfortable with a Fixed Interest Rate home loan

For new and maturing fixed rate loans, you can lock in an advertised fixed rate with Rate Lock1

Thinking about switching? Want some advice?

If you think it might be time to switch between fixed and variable rates, speak to one of our home loan experts on 13 33 30 or drop by any St.George branch.

Important information

The information on our website is prepared without knowing your personal financial circumstances. Before you act on this general information, please consider if it’s right for you. If you need help, call 13 33 30.

1 Rate lock requests are subject to our approval. Fees apply.2 Redraw requests are subject to our approval. Fees apply. For fixed interest rate loan redraws only available for loans fixed after 30 November 2009 (up to a maximum of $10,000 or break costs may be payable).3 Where a fixed rate term applies, after the fixed rate period expires, the interest rate will revert to the applicable standard variable rate for the loan category and repayment type.

Conditions, fees and charges apply. These may change or we may introduce new ones in the future. Full details are available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Unless otherwise specified, the products and services described on this website are available only in Australia from Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.